-- Connecting the dots between our economy, government and business --
Summary and audio linked here.
Chicago’s political leadership is floating a pension buyout program as evidence it is seriously addressing the city’s thirty-six-billion-dollar unfunded pension liability, but Mark Glennon, founder of the Illinois policy research organization Wirepoints, said that the proposal moves debt from one column to another rather than reducing it, and that the broader fiscal picture facing the city continues to deteriorate across every measurable dimension. Audio here.
Expect no retraction or apology. This what they do.
The state’s existing buyout program for its own pensions is the precedent for Chicago, which should be a warning: Look out for similar exaggerated claims and shoddy analysis.
Full interview and summary linked here.
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Stacy, the nuns that taught me in the 60s worked for a pittance and I learned more than I ever would have had my parents sent me to CPS.
Increase the funding and the CTU will still be graduating kids who cannot read nor do math at grade level.
I would be shocked if Stacy has her kids at the neighborhood CPS schools. We know Brandon doesn’t have his kids at neighborhood CPS schools